MidSouth Bancorp (MSL) Hits New 1-Year Low at $12.06

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MidSouth Bancorp, Inc. (NYSE:MSL)’s share price reached a new 52-week low on Thursday . The stock traded as low as $12.06 and last traded at $12.08, with a volume of 3305 shares trading hands. The stock had previously closed at $12.39.

Several equities analysts have weighed in on the stock. ValuEngine upgraded shares of MidSouth Bancorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 23rd. Raymond James upgraded shares of MidSouth Bancorp from an “underperform” rating to a “market perform” rating in a report on Friday, August 17th. Zacks Investment Research lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. Finally, FIG Partners lowered shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, November 29th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.00.

The firm has a market capitalization of $206.18 million, a P/E ratio of -44.30 and a beta of 1.34.

MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, October 30th. The bank reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.08. MidSouth Bancorp had a negative net margin of 16.04% and a positive return on equity of 2.32%. The firm had revenue of $21.56 million for the quarter, compared to analyst estimates of $21.52 million. On average, sell-side analysts expect that MidSouth Bancorp, Inc. will post 0.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. MidSouth Bancorp’s dividend payout ratio is currently -14.81%.

Several hedge funds have recently modified their holdings of MSL. Maltese Capital Management LLC lifted its holdings in shares of MidSouth Bancorp by 410.0% in the 3rd quarter. Maltese Capital Management LLC now owns 235,000 shares of the bank’s stock worth $3,619,000 after acquiring an additional 188,922 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of MidSouth Bancorp in the 2nd quarter worth approximately $1,121,000. Renaissance Technologies LLC lifted its holdings in shares of MidSouth Bancorp by 21.4% in the 3rd quarter. Renaissance Technologies LLC now owns 433,000 shares of the bank’s stock worth $6,668,000 after acquiring an additional 76,400 shares during the last quarter. Thomson Horstmann & Bryant Inc. lifted its holdings in shares of MidSouth Bancorp by 11.5% in the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 646,039 shares of the bank’s stock worth $9,949,000 after acquiring an additional 66,374 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of MidSouth Bancorp by 7.6% in the 2nd quarter. BlackRock Inc. now owns 793,339 shares of the bank’s stock worth $10,511,000 after acquiring an additional 55,809 shares during the last quarter. Hedge funds and other institutional investors own 70.27% of the company’s stock.

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MidSouth Bancorp Company Profile (NYSE:MSL)

MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.

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